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News related to Rhino Resources (RHNO) highlights its role in offshore petroleum exploration in Namibia and its collaboration with Halliburton. One notable development is the delivery of two exploration wells on Block 2914 within Petroleum Exploration License 85 offshore Namibia, where Rhino Resources is identified as the block’s operator. These wells were completed using in-country infrastructure through Halliburton’s operational bases in Walvis Bay, Swakopmund, and Lüderitz.
Coverage of RHNO often focuses on exploration milestones, discoveries on Block 2914, and the broader implications for Namibia’s energy potential. Public statements describe the campaign as aiming to prove geological potential while also delivering long-term benefits for Namibia, including knowledge and skills transfer, local capacity building, and opportunities for young Namibians.
Another recurring news theme is the Rhino-Halliburton Technology Centre at the University of Namibia Southern Campus. Reports describe this facility as a state-of-the-art center designed to advance geoscience education and research nationwide and to support the development of human capital and scientific leadership in the country’s energy sector.
Investors and observers following RHNO-related news can expect updates on offshore exploration progress, partnerships with service providers such as Halliburton, and initiatives that link exploration activity with education and local development in Namibia. This news stream provides context on how exploration results, infrastructure use, and training efforts intersect in the country’s emerging oil and gas industry.
Halliburton (NYSE: HAL) and Rhino Resources (OTC: RHNO) have successfully completed two exploration wells on Block 2914 within PEL 85 offshore Namibia. The project marks the first wells completed entirely using in-country infrastructure through Halliburton's new operational bases in Walvis Bay, Swakopmund, and Lüderitz.
The collaboration includes the establishment of the Rhino-Halliburton Technology Centre at the University of Namibia in October 2024, focusing on advancing geoscience education and research. This initiative demonstrates both companies' commitment to developing local capacity and supporting Namibia's emergence as an energy hub in Africa.
The discoveries on Block 2914 represent a promising start for Namibia's oil and gas industry development, emphasizing knowledge transfer, local capacity building, and youth development.